February 27, 2025 11:04 am
Key moments March natural gas futures fell 1.7%, dropping 6.9 cents as contracts near expiration. April futures declined 1.5%, settling at $4.07 per mmBtu. Increased U.S. natural gas output and milder temperatures are expected to reduce withdrawals from storage facilities. New York’s energy futures markets observed a notable downturn in natural gas futures, as increased […]
Read moreFebruary 27, 2025 9:58 am
Key moments Bitcoin prices have fallen by more than 23% to $83,740 since its January high. Bitcoin ETF outflows reached a record $1.1 billion on Tuesday. A $1.5 billion hack, policy disappointments, and a broader risk-off sentiment have contributed to the downturn. Bitcoin has entered bear-market territory, with its value declining by 23.4% on Wednesday […]
Read moreFebruary 27, 2025 8:47 am
Key moments Seven & i’s shares fell over 12% after the Ito family failed to secure funding for a $58 billion management buyout. Couche-Tard increased its takeover bid to $47 billion, positioning itself as the frontrunner to acquire Seven & i. The potential acquisition would be the largest of a Japanese company by a foreign […]
Read moreFebruary 27, 2025 8:02 am
Key moments The U.S. dollar rebounded from an 11-week low, supported by trade uncertainty and mixed signals from President Trump. The euro declined to 1.0467, moving away from its one−month high of 1.0529, as Trump floated a 25% reciprocal tariff on European goods. Tariffs on Canadian and Mexican goods remain in effect, with Trump delaying […]
Read moreFebruary 26, 2025 3:29 pm
Key moments Lowe’s projects full-year sales to range from $83.5 billion to $84.5 billion. The company experienced a surge of over 3% in its share price after posting positive outlooks. Lowe’s shares closed at $242.39 on Tuesday for a 2% decline for the year. Lowe’s, the second-largest hardware retailer in the US, has demonstrated a […]
Read moreFebruary 26, 2025 2:01 pm
A potential peace deal between Russia and Ukraine is weighing on oil prices due to the possibility of sanctions being lifted. Reports of declining U.S. crude oil inventories are offering some support to oil prices. Brent crude oil futures suffer slight price decrease at $72.83 per barrel. Oil prices remained relatively stable on Wednesday, hovering […]
Read moreFebruary 26, 2025 1:03 pm
Key moments GM is increasing its quarterly dividend by 25% to ¢15 per share. The company has authorized a new $6 billion share repurchase program, starting with a $2 billion accelerated buyback in Q2. GM’s 2025 financial projections predict net income between $11.2 billion and $12.5 billion. Automotive manufacturing giant General Motors announced today a […]
Read moreJune 16, 2023 12:15 pm
Key points: IBM and Tokyo University have launched the IBM Quantum System One in Japan. The project is part of the Japan-IBM Quantum Partnership and the Quantum Innovation Initiative Consortium. The quantum computer combines quantum resources with classical processing. Researchers in academia and businesses can use the system for running algorithms requiring repetition of quantum […]
Read moreJune 11, 2023 1:42 pm
According to digital assets data provider Kaiko, Bitcoin traded at a slight discount on Binance.US during the June 9 trading hours. The drop followed the exchange’s decision to suspend fiat trading channels beginning June 13. #BTC now trades at a slight discount on https://t.co/pup2WYms9R after news broke that the exchange may halt USD withdrawals 🚨 […]
Read moreJune 10, 2023 8:30 am
Key moments *Chevron, a U.S.-based oil company, plans to invest over $500 million in the Trapial block within the Vaca Muerta shale basin in Argentina’s western Neuquen province. *The investment announcement followed a meeting between Economy Minister Sergio Massa and Chevron officials. *The Trapial block covers an area of 109 square miles (283 square kilometers). […]
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